T-Mobile U.S. explores takeover of Sprint: source

(Reuters) – U.S. wireless carrier T-Mobile US Inc is exploring taking over rival Sprint Corp in an all-stock deal, after SoftBank Group Corp offered to give up its majority ownership of Sprint, a person familiar with the matter said.


Source: Business News

How $5 billion of debt caught up with Toys 'R' Us

(Reuters) – Toys “R” Us Inc has been making $400 million in interest payments on its debt every year, largely due to its $6.6 billion leveraged buyout in 2005. This week, it succumbed to its debt burden, leading to the biggest bankruptcy of a U.S. retailer since that of Kmart in 2004.


Source: Business News

Walmart, Target join call for 'Dreamer' legislation

(Reuters) – Wal-Mart Stores Inc, Target Corp and PepsiCo Inc on Wednesday joined an expanded group of nearly 800 companies calling in a letter for U.S. legislation to protect immigrants brought into the country illegally by their parents from deportation, according to organizer FWD.us.


Source: Business News

World stocks notch up new high but it's all about the Fed

LONDON (Reuters) – World stocks eked out a new record high on Wednesday and the dollar dipped against its major rivals with the focus on a U.S. Federal Reserve policy meeting that may give clues as to whether it will raise interest rates for a third time this year.


Source: Business News

Red tape ties up H-1B visas for skilled workers

The Trump administration is making it more difficult for skilled foreigners to work in the United States, challenging H-1B visa applications more often than in the Obama era, according to data reviewed by Reuters. The more intense scrutiny comes after President Donald Trump called for a review of the controversial program.


Source: US news

Uber reviews Asia business amid U.S. bribery probe: source

(Reuters) – Uber Technologies Inc [UBER.UL], which is the subject of a U.S. federal probe into whether it broke bribery laws, has started a review of its Asia operations and notified U.S. authorities about payments made by staff to police officers in Indonesia, a person familiar with the matter told Reuters.


Source: Business News